4200 Woodward Avenue Detroit, MI $ 1,250,000
4200 Woodward Avenue
$ 1,250,000
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4200 Woodward Avenue

Detroit, MI, 48201
$ 1,250,000
Bedrooms-- Baths-- Sq 6,781

Monthly Estimate*

$ 7,696

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Commercial Property for sale in Detroit, MI

for $1,250,000. This 6,781 square foot building was built in 1936 on a lot size of 0.15.

Rare fully leased, 100% occupied mixed-use investment in the heart of Midtown Detroit — one of the city's most dynamic and fast-growing commercial corridors. This four-unit building at 4200 Woodward Avenue. 10% CAP rate | modified triple-net lease structure | landlord expenses at virtually zero. One retail space and three restaurant units sit on 162 feet of prime Woodward Avenue frontage with direct QLine streetcar access at the door. Surrounded by major hospital campuses and two college campuses, this location generates consistent, recession-resistant foot traffic seven days a week. Each unit operates with fully independent mechanical systems — individual rooftop HVAC, separate water heaters, and updated electrical. The building is loaded with embedded value: three commercial vented hoods, restaurant equipment, and a rooftop billboard lease generating additional passive income. Roof inspected by specialist in 2025 and confirmed in great condition. Several electrical panels updated in 2026. For investors seeking a truly passive, high-yielding commercial asset in a proven central corridor — with strong tenant retention built into the infrastructure itself — this property checks every box. Full lease details and rent roll available upon execution of LOI.

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 11,454

Style

RealEstateOnly

Lot Size

0.15

Year Built

1936

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261024470

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1936
Levels One
Property Subtype RealEstateOnly
Current Use Commercial ConvenienceStore Restaurant Retail
Business Type Commercial Retail
County Wayne
Net Operating Income 2.0
Operating Expense 1.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name NESTER MC MILLAN & PONDS
Garage Y/N N
Status Active
Directions Woodward Avenue North of Mack Avenue and South of Canfield.
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 11454.95
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 154127
Expected Active Date 2026-04-16
Legal Description E WOODWARD PT OF LOTS 1-2-3 EXC E 135 FT EXC WOODWARD AVE AS WD NESTER MC MILLAN & PONDS L6 P79 PLATS W C R; DESC AS: COMM AT SE COR OF SAID LOT 3 TH S 60D W 213.91 FT TO POB; S 60D W 44.70 FT; N 26
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 6781.0
Lot Dimensions 161.5X36.36
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type ClassA
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 6781.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 4200
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* Excluded Features
List By
Bonnie Juras

Listing Agent

National Realty Centers, Inc

Broker

(513) 470-3673

Phone

Affordability Calculator

$8,651
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$955
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$1,250,000 Listed Price

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4200 Woodward Avenue, Detroit, MI, 48201 is a Commercial Property for sale at $1,250,000 with 6,781 sqft and a lot size of 0.15. 4200 Woodward Avenue was built in 1936. The property's zip code is 48201 which is in Detroit, MI